Our Impact

ESG Book, Leading ESG Data Platform

Sector: Low-carbon Economy

 

ESG Book is a global leader in sustainability data and technology. The company’s cloud-based platform makes ESG data accessible, consistent, and transparent, enabling financial markets to allocate capital towards more sustainable and higher impact assets. Covering over 25,000 companies globally, ESG Book enables companies to be custodians of their own data, provides framework-neutral sustainability information in real-time, and promotes transparency.

ESG Book has a license-based model to provide ESG data that they own with a layer of proprietary analytics (scoring, regulatory screening, etc), mostly to financial actors as well as corporates.

Business model / activity: ESG data platform with analytics and bespoke product capabilities

ESG value proposition: Democratize access to and transparency of ESG data for all actors

 

ESG Book’s Roadmap – Why We Invest

The investment thesis is here to support the construction of one of the world’s leading ESG data platform by:

–Become the reference for ESG data for all asset classes, including private companies and real assets

–Build a referential-agnostic environment that complies with all regulatory frameworks

–Develop market leading measurement tools and frameworks, and host all major tools on the platform

It is an ambitious and game-changing plan to bring massive extra-financial value to the market, that is completely aligned with Meridiam GIGF’s own objectives and offers high potential for financial returns.

 

ESG Book, a global leader in sustainability data and technology, has closed $35 million in Series B funding. The new capital will be used to advance ESG Book’s next-generation technology capabilities, enabling clients to meet increasingly complex sustainability requirements, and accelerate the company’s expansion as it responds to growing demand for technology-enabled ESG data solutions. The round was led by Energy Impact Partners (EIP), a global investment firm leading the transition to a sustainable future, alongside global sustainability leader Meridiam and Allianz X, the digital investments arm of leading global insurer and asset manager Allianz.

 

With the ESG data and services market expected to grow to $5 billion globally by 20251, the Series B investment will be used to fuel adoption of ESG Book’s industry-leading data platform, and further the company’s continued expansion into new products areas.

 

The company’s cloud-based platform makes ESG data accessible, consistent, and transparent, enabling financial markets to allocate capital towards more sustainable and higher impact assets. Covering over 25,000 companies globally, ESG Book enables companies to be custodians of their own data, provides framework-neutral sustainability information in real-time, and promotes transparency.

ESG Book is clearly contributing to the positive transformation of the economy, providing financial actors with the capacity to better invest towards ESG performing actors and have an actual impact on reaching global targets. It also provides means to really comply with the regulation, starting with SFDR in Europe for instance.
ESG Book is focused on providing enabling impact, not being directly involved in the “physical economy”. In this context, it is aligned with one of the three major goals that were settled by the United Nations in the Paris Agreement (article 2.c)):
This Agreement, in enhancing the implementation of the Convention, including its objective, aims to strengthen the global response to the threat of climate change, in the context of sustainable development and efforts to eradicate poverty, including by: […] (c) Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.

 

ESG Book’s Impact 

CO2 eq. avoided in 2021: Indirect impact

It thus contributes to many of the United Nation Sustainable Goals, having a transversal impact on them, but with focus on the coordination ones:

 

 

25,000

companies covered

450

ESG data points

>100

clients (Bridgewater, Citi, Google Cloud, Goldman Sachs, MUFG, HSBC, Deutsche Bank, Accenture, HREX, Allianz, Glass Lewis, Dow Jones, Bloomberg, ...)

Background 

New funding will advance ESG Book’s next-generation technology, enabling clients to meet increasingly complex sustainability requirements.

 

  • Energy Impact Partners led the round alongside Meridiam and Allianz X, as ESG Book responds to growing demand for technology-enabled ESG data solutions.

 

  • The company’s cloud-based platform makes ESG data accessible, consistent, and transparent, enabling financial markets to allocate capital towards more sustainable and higher impact assets.

 

  • Investment and global reach of strategic partners will enable ESG Book to expand services worldwide in $5 billion ESG data market.

One of the main value points unlocked by the company is full transparency: anyone can audit every single data point. In addition, they are the only data-owning platform not linked to a major index / rating agency.
The new capital will be used to advance ESG Book’s next-generation technology capabilities, enabling clients to meet increasingly complex sustainability requirements, and accelerate the company’s expansion as it responds to growing demand for technology-enabled ESG data solutions.
Investors, companies, and all market participants are today demanding better, technology-enabled solutions in order to direct capital towards more sustainable and higher impact assets.

ESG Book was founded as an internal tool of Arabesque (German AI-based ESG asset manager) and later incorporated in 2019 with strategic investors like Allianz and Accenture. It has been led since 2021 by Dr Daniel Klier, former Head of Strategy at HSBC and Partner at McKinsey, who has impressed in a year and brought the company to another dimension.

 

>Stage: Growth

> Learn more from the press release

 

Source:

1). UBS –Future Reimagined: Will ESG Data and Services Demand Accelerate Post-COVID & Who Will Win? 2020

 

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